Common use of Severance Payment and Benefits Clause in Contracts

Severance Payment and Benefits. (a) If Executive’s employment is terminated as a result of a Qualifying Termination as defined in Sections 3b and 4(c) in conjunction with a Change of Control, and if Executive delivers a fully-executed release and waiver of all claims against the Company, then, upon expiration of any applicable revocation period contained in the release and waiver, the Company shall pay or provide Executive the following Severance Payment and benefits based on Executive’s eligibility as described below:

Appears in 1 contract

Samples: Employment Agreement (Fleetwood Enterprises Inc/De/)

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Severance Payment and Benefits. (a) If Executive’s 's employment is terminated as a result of a Qualifying Termination as defined in Sections 3b 3(b) and 4(c) in conjunction with a Change of Control), and if Executive delivers a fully-executed release and waiver of all claims against the Company, then, upon expiration of any applicable revocation period contained in the release and waiver, the Company shall pay or provide Executive the following Severance Payment and benefits based on Executive’s eligibility as described belowbenefits:

Appears in 1 contract

Samples: Employment Agreement (Fleetwood Enterprises Inc/De/)

Severance Payment and Benefits. (a) If Executive’s employment is terminated as a result of a Qualifying Termination as defined in Sections 3b and 4(c) in conjunction with a Change of Control), and if Executive delivers a fully-executed release and waiver of all claims against the Company, then, upon expiration of any applicable revocation period contained in the release and waiver, the Company shall pay or provide Executive the following Severance Payment and benefits based on Executive’s eligibility as described below:

Appears in 1 contract

Samples: Employment Agreement (Fleetwood Enterprises Inc/De/)

Severance Payment and Benefits. (a) If Executive’s employment is terminated as a result of a Qualifying Termination as defined in Sections 3b and 4(c) in conjunction with a Change of ControlSection 3(b), and if Executive delivers a fully-executed release and waiver of all claims against the Company in a form reasonably acceptable to the Company, then, upon expiration of any applicable revocation period contained in the release and waiver, the Company shall pay or provide Executive the following Severance Payment and benefits based on Executive’s eligibility as described below:

Appears in 1 contract

Samples: Employment Agreement (Fleetwood Enterprises Inc/De/)

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Severance Payment and Benefits. (a) If Executive’s 's employment is terminated as a result of a Qualifying Termination as defined in Sections 3b and 4(c) in conjunction with a Change of Control), and if Executive delivers a fully-executed release and waiver of all claims against the Company, then, upon expiration of any applicable revocation period contained in the release and waiver, the Company shall pay or provide Executive the following Severance Payment and benefits based on Executive’s 's eligibility as described below:

Appears in 1 contract

Samples: Employment Agreement (Fleetwood Enterprises Inc/De/)

Severance Payment and Benefits. (a) If Executive’s employment is terminated as a result of a Qualifying Termination Termination, as defined in Sections 3b and 4(c) in conjunction with a Change of ControlSection 3(b), and if Executive delivers a fully-fully executed release and waiver of all claims against the Company in a form reasonably acceptable to the Company, then, upon expiration of any applicable revocation period contained in the release and waiver, the Company shall pay or provide Executive the following Severance Payment severance payment and benefits based on Executive’s eligibility as described belowbenefits:

Appears in 1 contract

Samples: Employment Agreement (Fleetwood Enterprises Inc/De/)

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